Anyone out there have any tips on how to compete with AMEX? I lost one deal to them and someone I just spoke with who is ready to apply told me they were also in talks with AMEX. I have an inexpensive lender that I think they will get approved with, but it will still be higher than AMEX. What parts of their program could be detrimental to a merchant besides being obligated to be 100% paid before any additional funding can take place?

I'm still a little new to the sales side of this since I come from an underwriting background, so any advice would be greatly appreciated.